JPMorgan says bitcoin is gaining over gold as debasement trade after Iran conflict

JPMorgan analysts report bitcoin is outpacing gold as investors' preferred debasement hedge following Iran tensions. Bitcoin's appeal stems from its fixed supply and portability advantages over physical gold. This shift reflects growing institutional recognition of cryptocurrency as inflation protection. Indian investors tracking geopolitical risk hedges should monitor bitcoin's correlation with traditional safe havens during escalating conflicts.
Coins in this story
Related stories

Coinbax wins $20,000 PitchFest prize at Consensus Miami for stablecoin compliance
Coinbax won $20,000 at Consensus Miami's PitchFest for programmable escrow software enabling compliant stablecoin payments. Founded by former Jack Henry executive Peter Glyman, the startup uses smart contracts to hold funds while third-party services verify identity and sanctions before settlement. Already live on Base mainnet with pilot programs underway, Coinbax addresses bank hesitancy around onchain payment infrastructure.

Coinbase loses nearly $400 million in Q1 as CEO seeks to reduce dependence on spot crypto trading
Coinbase posted a $394.1 million net loss in Q1 2026 as Bitcoin tumbled from $97,000 to under $70,000, triggering $482 million in crypto asset losses. CEO Brian Armstrong plans diversification into derivatives, commodities, and prediction markets to reduce spot-trading dependence. Revenue fell 31% year-on-year to $1.41 billion, though stablecoin revenue grew 11%. The exchange maintains 8.6% global market share despite headwinds.

Dorsey’s Block raises full-year guidance after ‘strong’ Q1, records $173 million bitcoin remeasurement loss
Block Inc raised full-year guidance after strong Q1 2026 results, posting $2.91 billion gross profit despite a $173 million bitcoin remeasurement loss. Cash App drove growth with 38% profit increase, though bitcoin revenue dropped 31% year-over-year. Adjusted EPS surged 52% to $0.85. The company expects 19% gross profit growth and 62% adjusted EPS growth for 2026, signaling confidence despite crypto headwinds impacting treasury valuations.